Revolut launches current account accounts with up to 1.75% interest for companies!

Revolut launches current account accounts with up to 1.75% interest for companies!

Revolut has significantly expanded its offering for German business customers. With the introduction of daily money accounts that offer a variable interest rate of up to 1.75% per year and enable daily interest credits, the fintech is providing fresh impetus for the German market. Loud City of Bremerhaven Revolut sees Germany as a particularly important market, which is underpinned not least by the more than 2 million private customers who already use its services.

With these new daily money accounts, Revolut is targeting tens of thousands of business customers. The ability to save flexibly, without long-term commitments or minimum amounts, suits many small and medium-sized businesses, which often do not have the best access to traditional banking products. The company promises to further expand the portfolio and bring new products to the market for German companies in the near future.

Growth through digitalization

Digitalization plays a crucial role in the financial sector. How Financial turnaround research has found that new business models, technologies and products create innovative solutions that are not only aimed at large companies, but also specifically address the needs of small businesses and start-ups. Fintechs like Revolut are at the forefront of this development, offering low-cost services that make financial products easier to access.

The new features of current account accounts could be good business for many companies. The introduction of QR-bills to simplify and speed up the payment process shows that Revolut is taking the challenges of SMEs seriously. This eliminates the need for manual entry of invoice data and makes payment processes more efficient.

An exciting competition

As developments in Switzerland show, where Revolut has introduced similar offerings, competition in the digital finance sector is growing. With business deposits up 76% year-on-year and monthly transactions doubling, Revolut shows it is on the right track. The company is attracting attention not only in Germany, but also in the DACH region and beyond.

Another important issue related to the digitalization of the financial sector are the challenges posed by new players such as Bigtechs. These large companies could play key roles in the financial market in the future, but they also bring risks. Consumers often benefit from simpler, more personalized products, while at the same time there are safety and regulatory issues that need to be addressed.

Revolut is taking big steps with its new offerings to make the digital future easier for German companies. Anyone looking for an interesting opportunity to save flexibly and process international payments should keep an eye on the new daily money accounts and the associated functions. It remains exciting to see how this market will develop and what solutions will be offered to companies in the future.